Kenyan tycoon John Kimani's stake rebounds above $22 million
John Kimani, has seen his shares in Kakuzi surpass $22 million (Ksh2.87 billion), marking a gain of Ksh383.4 million ($2.97 million) in just eight days.
John Kimani, has seen his shares in Kakuzi surpass $22 million (Ksh2.87 billion), marking a gain of Ksh383.4 million ($2.97 million) in just eight days.
Kimani, a significant shareholder with a 33.3-percent stake in Kakuzi, is positioned to receive a substantial portion of the group’s dividend payout.
His move comes as shares remain attractively priced on the Nairobi Securities Exchange.
The Capital Markets Authority (CMA) has summoned top executives, including Kimani and Kakuzi Managing Director Christopher Flower.
The businessman’s increased stake further solidifies his position as one of the leading investors on the Nairobi Securities Exchange.
As one of the leading investors on the Nairobi Securities Exchange, Kimani holds a significant 34.54 percent of Kakuzi, or 6,762,133 ordinary shares.
John Kimani’s recent acquisition reflects his continued commitment to expanding his investment portfolio in Kenya’s thriving business landscape.
Despite this setback, Kimani retains his position as one of the wealthiest investors on the Nairobi Securities Exchange.
Kimani owns 34.54 percent of Kakuzi, or 6,762,133 ordinary shares, in the agricultural cultivation and manufacturing company.
Among the beneficiaries of this remarkable dividend payout, John Kimani, one of Kenya’s wealthiest investors, will receive $83,300.
Kimani, known for his diverse investment portfolio, owns a 34.54-percent stake, equivalent to 6,762,133 shares, in Kakuzi.
Despite the decrease in his stake, Kimani remains one of the richest investors on the Nairobi Securities Exchange.
Kakuzi Plc is an agricultural cultivation and manufacturing firm.
Kimani owns a significant 2.35-percent stake in Nation Media Group.